If one wants to file chapter 13 bankruptcy, one of the prerequisite is bankruptcy confirmation. The bankruptcy confirmation is also known as reorganization. The plans for repayment of debt need to be submitted at the time of filing the bankruptcy or within 15 days of application filing. The purpose of the hearings for bankruptcy confirmation is to decide whether the reorganization plans are according to the US code of regulations. The amount and the schedule of payment are documented in the chapter 13 payment plans. There is a monthly or biweekly schedule for payments and this schedule is presented for the court trustee. The trustees dispense the payments among the creditors on the basis of terms mentioned in the reorganization plan. After the petition for filing chapter 13 bankruptcy, notification is issued to the creditors. After this, there is scheduling of 341 creditors meeting. This facilitates the face to face meeting of the creditors and debtors. The debtors get a chance to demonstrate the financial situation. They also get a chance to repay as much as they can. On the other hand the creditors can reduce the rate of interest, reduce the debt, accept a lump sum, reduce or eliminate the late fees and penalties. At the 341 creditors meeting, the debtor has to provide genuine information under an oath. If the information furnished by the debtor is proved to be false, the debtor can be jailed and lead to the denial of bankruptcy petition. The filing for bankruptcy information has been made more cumbersome by the new laws that were enacted by the Congress in the year 2005. According to the Bankruptcy Abuse Prevention and Consumer Protection Act there are provisions that make it compulsory for the debtor to repay a part of the debts with the help of plans for reorganization or bankruptcy confirmation. It is very difficult to file for chapter 13 bankruptcies without a legal counsel or a bankruptcy lawyer. Most of the bankruptcy lawyers charge high to get over with the costs of litigation. The “Means Test” compares the income of the debtor with the median income level of the state. The amount of repaid debt is determined by the BAPCPA through this “Means Test.” If the income of the debtor exceed the median level, the debtor can file Chapter 13 bankruptcy but if less, the debtor has to file chapter 7 bankruptcy. The duration of chapter 13 bankruptcy plans lasts from 3 to 5 years.